Description

BSE announces non-business days for various mutual fund schemes including Franklin, Edelweiss, Axis, Kotak, Invesco, and Nippon funds during February 2026.

Summary

BSE has announced non-business days for certain mutual fund schemes on the BSE StAR MF Platform for February 2026. The circular primarily affects international and fund-of-funds schemes from Franklin, Edelweiss, Axis, Kotak, Invesco, and Nippon mutual funds. These non-business days are typically aligned with foreign market holidays where the underlying funds are invested.

Key Points

  • Multiple mutual fund houses have designated non-business days for their international schemes in February 2026
  • Franklin U.S. Opportunities Equity Active Fund of Funds will be closed on February 16, 2026
  • Edelweiss international funds will have multiple non-business days from February 16-20, 2026 depending on the scheme
  • Axis, Kotak, and Invesco fund-of-funds schemes will observe non-business days primarily from February 16-19, 2026
  • Nippon India Japan Equity Fund will be closed on February 11, 2026
  • Non-business days vary by scheme based on the geographical markets they invest in (US, Greater China, ASEAN, Europe, etc.)

Affected Fund Houses and Schemes

Franklin Templeton (February 16, 2026)

  • Franklin U.S. Opportunities Equity Active Fund of Funds

Edelweiss Mutual Fund

  • February 16: US Value Fund, Greater China Fund, Emerging Markets Opportunities Fund, US Technology Fund, MSCI World Healthcare Fund
  • February 17-18: Greater China Fund, ASEAN Fund, Emerging Markets Opportunities Fund
  • February 19: Debt & Liquid schemes, Greater China Fund, Emerging Markets Opportunities Fund
  • February 20: Greater China Fund

Axis Mutual Fund

  • February 16: Axis Global Innovation Fund of Fund, Axis Global Equity Alpha Fund of Fund
  • February 17-19: Axis Greater China Equity Fund of Fund

Kotak Mutual Fund

  • February 16: Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, Kotak International REIT Overseas Equity Omni FOF
  • February 17-19: Kotak International REIT Overseas Equity Omni FOF

Invesco Mutual Fund (February 16-19, 2026)

  • Invesco India - Invesco Pan European Equity Fund of Fund
  • Invesco India - Invesco Global Equity Income Fund of Fund
  • Invesco India - Invesco Global Consumer Trends Fund of Fund
  • Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund

Nippon India Mutual Fund

  • February 11: Nippon India Japan Equity Fund

Compliance Requirements

  • Investors will not be able to transact in the specified mutual fund schemes on the designated non-business days
  • Members and market participants should note these dates for planning redemptions, purchases, or switches in the affected schemes
  • BSE StAR MF Platform will not process transactions for these schemes on the specified dates

Important Dates

  • February 11, 2026: Nippon India Japan Equity Fund closed
  • February 16, 2026: Primary non-business day for US and global equity schemes across Franklin, Edelweiss, Axis, Kotak, and Invesco
  • February 17-20, 2026: Extended non-business days for Greater China, ASEAN, and other regional schemes

Impact Assessment

This circular has minimal market impact as it pertains to routine operational holidays for international mutual fund schemes. The non-business days are aligned with foreign market holidays (likely Presidents’ Day in the US on February 16 and Chinese New Year holidays for Greater China funds). Investors in these schemes should plan their transactions accordingly, but there is no systemic impact on the broader Indian equity or debt markets. The notice ensures transparency and helps investors manage their mutual fund portfolios effectively.

Impact Justification

Routine operational notice about non-business days for specific international fund schemes, affecting only mutual fund transactions on specific dates with no broader market impact